US stocks are closing broadly higher as the market bounces back from a plunge yesterday. The Dow Jones industrial average climbed 293 points, or 1.8%, to 16,351 today. The Standard & Poor's 500 index increased 35 points, or 1.8%, to 1,948. The Nasdaq composite gained 113 points, or 2.5%, to 4,749. The Dow sank almost 470 points the day before as traders worried about more signs of weakness in China's economy.
European markets mostly rose. Tax preparer H&R Block jumped almost 8%, the most in the S&P 500 index, after announcing a smaller loss than analysts were expecting and a stock buyback program. Bond prices fell. The yield on the 10-year Treasury note rose to 2.19%.